- Issuer
- Defiance
- Inception Date
- Jun 23, 2025
- Region
- North America (United States)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $14M
Share Price Chart
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Performance
SOUX Performance Chart
Defiance Daily Target 2X Long SOUN ETF (SOUX) is down 67.1% since the beginning of the year. SOUX is currently trading at $14 per share.
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Returns By Period
Defiance Daily Target 2X Long SOUN ETF
- 1D
- 4.02%
- 1M
- -28.93%
- YTD
- -67.13%
- 6M
- -73.95%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
SOUX Monthly Returns History
Based on dividend-adjusted daily data since Jun 24, 2025, SOUX's average daily return is -0.17%, while the average monthly return is -5.85%.
Historically, 46% of months were positive and 54% were negative. The best month was Sep 2025 with a return of +43.4%, while the worst month was Nov 2025 at -57.4%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SOUX closed higher 41% of trading days. The best single day was Aug 8, 2025 with a return of +51.2%, while the worst single day was Nov 4, 2025 at -23.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -32.66% | -4.50% | -41.47% | 26.18% | 17.27% | -40.99% | -67.13% | ||||||
| 2025 | 15.17% | -13.53% | 40.07% | 43.38% | 9.10% | -57.37% | -36.71% | -41.14% |
Benchmark Metrics
Defiance Daily Target 2X Long SOUN ETF has an annualized alpha of -83.11%, beta of 6.20, and R2 of 0.23 versus S&P 500 Index. Calculated based on daily prices since June 24, 2025.
- This ETF participated in 450.34% of S&P 500 Index downside but only -20.33% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.23 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -83.11%
- Beta
- 6.20
- R²
- 0.23
- Upside Capture
- -20.33%
- Downside Capture
- 450.34%
Expense Ratio
SOUX has a high expense ratio of 1.29%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Defiance Daily Target 2X Long SOUN ETF (SOUX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SOUX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
Defiance Daily Target 2X Long SOUN ETF provided a 61.74% dividend yield over the last twelve months, with an annual payout of $8.84 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $8.84 | $8.84 |
Dividend yield | 61.74% | 20.29% |
Monthly Dividends
The table displays the monthly dividend distributions for Defiance Daily Target 2X Long SOUN ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $8.84 | $8.84 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Defiance Daily Target 2X Long SOUN ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Defiance Daily Target 2X Long SOUN ETF was 95.03%, occurring on Mar 27, 2026. The portfolio has not yet recovered.
The current Defiance Daily Target 2X Long SOUN ETF drawdown is 94.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -95.03%Mar 2026 | 5mo 12d | — | 8mo 9dOct 2025 - now |
2025 bear market2025 | -49.61%Aug 2025 | 12d | 26d | 1mo 8dAug 2025 - Sep 2025 |
2025 bear market2025 | -41.24%Aug 2025 | 22d | 10d | 1mo 2dJul 2025 - Aug 2025 |
2025 bear market2025 | -25.46%Sep 2025 | 5d | 9d | 14dSep 2025 - Oct 2025 |
2025 correction2025 | -17.19%Oct 2025 | 1d | 3d | 4dOct 2025 - Oct 2025 |
Drawdown Indicators
| SOUX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.03% | -56.78% | -38.25% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -94.20% | -2.49% | -91.71% |
Average DrawdownAverage peak-to-trough decline | -60.84% | -10.72% | -50.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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